Details about Aave USDT v1 cryptocurrency
Aave USDT v1
AUSDT
Unknown for now
€0
11,618,840
37.622
Unknown
https://aave.com/atokens
@aaveaave
https://www.reddit.com
100328x
€93070.1
Aave USDT v1 price charts
AUSDT exchanges
Aave USDT v1, the crypto
Aave USDT v1 (AUSDT) is a cryptocurrency token that is a part of the Aave lending platform. AUSDT is an interest-bearing token pegged to the value of USDT, a stablecoin that is pegged to the value of the U.S Dollar. AUSDT is used as collateral for borrowing other cryptocurrencies on the Aave platform, and holders of AUSDT are able to earn interest on their holdings through lending activities on Aave.
The point
The main point of Aave USDT v1 (AUSDT) is to provide users with a stable and reliable means of borrowing and lending cryptocurrencies on the Aave platform. AUSDT offers a stable value that is not subject to volatility, allowing it to be used as collateral for other cryptocurrencies without the risk of significant price fluctuations.
The problem
Aave USDT v1 (AUSDT) tries to solve the problem of volatility in the cryptocurrency market by providing a stablecoin that is pegged to the U.S. Dollar. This stability makes AUSDT an attractive option for those who wish to borrow or lend cryptocurrencies on the Aave platform without being subject to the risks of significant price fluctuations. Additionally, AUSDT allows for easier management of loan collateral, as its value is more predictable and less subject to rapid changes.
Compare AUSDT and BTC performance
| Timeframe | AUSDT | BTC |
|---|---|---|
| 1h change | -0.106162 % | -0.983673 % |
| 24h change | -0.61 % | 1.6951 % |
| 7 day change | -0.52 % | -8.61857 % |
| 14 day change | -0.88 % | -9.74267 % |
| 30 day change | -0.39 % | -11.0257 % |
| 200 day change | -2.39 % | 108.428 % |
| Year change | 2.53 % | 111.457 % |